CC Sabathia Opts out of Contract With Yankees

Left-hander CC Sabathia plans to opt out of his long-term contract with the Yankees by the Monday night deadline and become a free agent, SI.com has learned.

Sabathia, 31, has four years worth $92 million left on his current seven-year, $161 million deal but has the option — until midnight Monday — of voiding the final four years.

The Yankees have already made a new contract offer to Sabathia and remain the favorites to keep him, although the Cubs, Rangers, Tigers, Blue Jays and Cubs are also considered possibilities. The Yanks’ offer was made over the weekend, but no details have been announced

Sabathia is going the ARod route trying to squeeze as much money out of the Yankees that is humanly possible. Knowing the Yankees they will make the same mistake with Sabathia that they did with Rodriguez.